Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 3 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
17 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
ARSENAL BUILDING from Liège, company number BE0827475425, closed financial year 2025 with a result of € 322,210 after tax. For that financial year ARSENAL BUILDING recorded revenue of € 960,983 and equity of € -896,241. Compared with financial year 2024, the result moved from € 231,730 to € 322,210. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 23, 2026.
€ -896,241
▲ € 322,210 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 322,210
▲ 39% vs 2024
Profit after tax over the fiscal year.
€ 74,285
▼ 79% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -1.9 million.
Debts at end 2025
€ 9 million
▼ 4% vs 2024
€ 3.1 million is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 303,434
▲ 168% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 765,071 | € 857,348 | € 885,452 | € 960,983 | ▲ 9% |
| Profit after taxes | € 118,584 | € 192,094 | € 231,730 | € 322,210 | ▲ 39% |
| Equity | € -1,642,274 | € -1,450,180 | € -1,218,450 | € -896,241 | ▲ € 322,210 |
| Total debts | € 10,964,294 | € 10,011,698 | € 9,857,532 | € 9,350,688 | ▼ 5% |
| Cash | € 183,705 | € 249,655 | € 355,736 | € 74,285 | ▼ 79% |
| Land & buildings | € 8,412,735 | € 8,155,391 | € 7,928,294 | € 7,736,178 | ▼ 2% |
| Retained profit | € -2,642,274 | € -2,450,180 | € -2,218,450 | € -1,896,241 | ▲ € 322,210 |
| Bank debt | € 10,791,052 | € 9,821,052 | € 9,421,052 | € 9,021,052 | ▼ 4% |
| Balance sheet total | € 9,322,020 | € 8,561,518 | € 8,639,082 | € 8,454,447 | ▼ 2% |
Key figures of ARSENAL BUILDING, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to ARSENAL BUILDING?
What happened at ARSENAL BUILDING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- OGEO FUND OFP stepped down as director. NBB
- Guillaume STRUMAN stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 322,210 (▲ 39% vs 2024). Source: NBB ↗
- OGEO FUND OFP became a director. NBB
- Guillaume STRUMAN became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Liège. KBO
In short
From € 118,584 profit in 2022 to € 322,210 profit in 2025.
Best year ever: 2025, with € 322,210 profit.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The shares are held by OGEO FUND OFP (100%).
Directors
According to the 2025 annual accounts
Director · represented by Frank JEUSETTE
Also active at: LOUISED, Foncière Bonne Fortune, FONCIERE DE BAVIERE C, FONCIERE DE BAVIERE A, NAMUR BOVESSE, NIVELLES PROPERTY SA, RÉSIDENCE GRAND POSTE, GREENCITY +3 more
since 2023 · until 2029
Guillaume STRUMAN
Director
Also active at: WATERSIDE, BAVIERE DEVELOPPEMENT, IMMO HAECHT 1442, Foncière Bonne Fortune, RN LIEGE, NAMUR BOVESSE, NIVELLES PROPERTY SA, MONUMENT ZAVENTEM BUILDING +6 more
since 2022 · until 2028
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue Sainte-Marie 5 box 4
4000 Liège
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 17 companies are registered at this address.
All companies at this address →Le Travailleur chez Lui
€ 12.4 million revenue · 2025
OGEO FUND same network
Service Social des Sociétés de Crédit
BAVIERE DEVELOPPEMENT same network
€ 10.2 million revenue · 2025
ASSM ARCHI BAVIERE
+12 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0827.475.425
- VAT number
- BE 0827.475.425
- Registered office
- Rue Sainte-Marie 5 bus 4, 4000 Liège
- Names & denominations
- ARSENAL BUILDING
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 2 July 2010
- Peppol
- Active · Active since 30 Oct 2025
- Activities · NACE
Activiteiten van holdings
Holdings
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Handel in eigen onroerend goed